Wise Investments

[Scrooge McDuck]

FNIX PR........
TOKYO, Oct 22, 2003 (BUSINESS WIRE) --

Fonix(R) Corporation (OTCBB:FNIX), an international provider of award-winning speech solutions, announces we will present our speech technology at the Xbox Xfest on October 24 in Japan.

The Xfest is Microsoft's premier event to showcase current and future developments for the Xbox game platform. Fonix expects to further expand our visibility to Japanese game developers by participating in this high-profile event.

Speech-based interfaces signify the next generation of sophisticated games, as users demand more and improved interactive features from the gaming experience. Fonix voice recognition gives players new access to games features, making the experience more engaging and fun. The Fonix speech interface solution is already included in the Xbox development kit (XDK) for game developers, and Xbox games including Fonix speech will be released in the near future.

At Xfest, Fonix will highlight our speech technology capabilities as a part of Microsoft's gaming presentation. Fonix will also showcase our speech technology running on the Xbox platform. The Fonix speech demonstration has been designed in English and Japanese.

About Xfest

The Xbox Xfest takes place at the Nomura Conference Plaza, Nomura building 48F, Shinjuku 1-26-2 Nishi Shinjuku, Shinjuku-Ku, Tokyo. The Xfest office can be reached at 03-5994-7183 from 10:00 -12:00 and 13:00 -17:00, Monday through Friday.